Derivs - People and Markets

The Nasdaq Dubai Futures Exchange has signed up National Bank of Abu Dhabi (NBAD) as a second market maker for its equity futures, after trading gained momentum in recent weeks.

Rather than wailing about a regulatory Trumpocalypse, those who care about the health of financial markets should seize upon last week’s shock US presidential result to help bring about meaningful and beneficial changes.

The Chicago Mercantile Exchange has introduced a new method of trading six FX option products, by using volatility-quoted prices.

The European Securities and Markets Authority has called for a two year delay to rules requiring smaller financial counterparties to centrally clear derivatives trades.

D2 Legal Technology, an independent financial services legal data and technology consulting firm, has appointed a chief operating officer.

Symbiont, a start-up firm specialising in smart contracts and distributed ledger technology, has appointed a former SEC commissioner and a former investment manager chief executive to its board of directors.

Quantile Technologies and AcadiaSoft have teamed up on a service aimed at reducing counterparty credit risk for derivatives market participants.

The US Commodity Futures Trading Commission has requested more than $38m in monetary sanctions against UK based trader Navinder Singh Sarao over S&P futures 'spoofing' allegations.

Bizarre trading dynamics conspired to save over-confident trades backing a Hillary Clinton victory in the US presidential election, with a ‘Trump bounce’ in the aftermath curtailing volatility and sending many short-volatility plays back into the money. But the shock of the Republican victory adds to that of the Brexit vote in June and has jolted market complacency on other political events in the coming months.

LCH has cleared over $1tr in inflation swaps since the service launched in April last year, and growth has picked up sharply since US margin rules on uncleared derivatives came into force.

Velocity, a derivatives blockchain project, has closed, saying that financial derivatives “are a little too early” for the Ethereum ecosystem.

Donald Trump’s shock US election victory in the early hours of Wednesday caused a shockwave to course through derivative markets overnight. But by midday in London traders said the overall reaction was much more orderly than in the aftermath of the UK vote in June to leave the European Union - and by close of business some markets had made full scale retrenchment.